The global telecom tower power system market was worth US$ 3.1 Billion in the year 2022 and is expected to reach US$ 6.4 Billion by the year 2033 at a CAGR of 6.9% between 2023 and 2033.
The Telecom tower system comprises generating system, communications network, and distribution system. Power system constitutes a converter, a generator, a breaker, and others. It is a known fact that an appropriate power supply is needed for supporting the telecommunications infrastructure’s quicker development. With growing awareness regarding the same, telecom tower power systems are in greater demand. With remote rural areas witnessing greater connectivity, the telecom tower power system market is expected to grow on a substantial note in the near future.
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Challenges and Opportunities in the Telecom Tower Power System Market: A Comprehensive Analysis by Future Market Insights
The last few years have been witnessing a considerable increase in usage of smartphones and various other portable devices in emerging as well as developed economies. This factor has contributed toward generation of higher quantity of energy. Moreover, as telecom sector’s expansion continues, more number of telecom towers are getting built at a larger scale for satisfying the rural regions.
At the same time, the fact that these power systems rely on diesel generators can’t be ignored. These generators do emit hazardous molecules of nitrogen oxide, carbon monoxide, hydrocarbons, and CFCs (an ozone-depleting gas). As such, the telecom tower power system market is expected to witness restraints in the forecast period.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Telecom Tower Power System Market’. It has its dedicated team of analysts and consultants to execute using a bottom-up approach in primary, secondary, and tertiary modes of research.
“With an exorbitant growth of electronics and telecom vertical, the global telecom tower power system market is likely to flourish in the forecast period”, say an analyst from Future Market Insights.
Key Takeaways from Telecom Tower Power System Market
- North America holds the largest market share due to the US being subject to an increasing production and intake of power sources for telecom tower power systems.
- The Asia-Pacific is expected to grow at the fastest rate in the telecom tower power system market going forward with Japan, China, and India leading from the front. Introduction of 5G technology services has actually created opportunities for the providers of telecom infrastructure for expanding facilities all across these countries.
Competitive System
- Ballard Power Systems, in December 2020, inked an agreement with Delta Electronics Inc. (Eltek Nordic) for developing cell back-up power systems for the communication networks. The basic purpose is that of providing reliable back-up power solutions for the telecom networks with emphasis on Iceland, Denmark, and Norway.
- Ryse Energy, in June 2021, did enter Tower Automation Alliance aiming to co-ordinate the hybrid renewable energy projects for the telecom tower infrastructure.
- Advent Technologies Holdings Inc. did announce acquisition of fuel cell systems line of Fischer Group for off-grid and remote power requirements.
- Cummins Inc., in October 2020, did introduce two novel digital master controls – DMC6000 and DMC2000 as a part of portfolio of the power systems.
- Corning Incorporated, in March 2020, entered into partnership with US Conec Ltd. for deploying MDC connector solutions to significantly improvise on hyper-scale data centers, carrier distribution networks, and the other high-density patching solutions. The major purpose behind development of MDC connector was that of challenging status quo in the patch panel density by letting breakout in OSFP, SFP-DD, and QSFPDD.
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What does the Report say?
- The research study is based on product type (outdoor telecom power system and indoor telecom power system), and by power source (diesel generator, diesel generator + battery, and renewable energy (solar, wind turbine, and biomass)).
- With rising demand for energy-efficient power systems all across, the global telecom tower power system market is bound to grow well in the forecast period.
Telecom Tower Power System Market by Category
By Product Type:
- Outdoor Telecom Power System
- Indoor Telecom Power System
By Power Source:
- Diesel Generator
- Diesel Generator + Battery
- Renewable Energy
- Solar
- Wind Turbine
- Biomass
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
-
Middle East and Africa (MEA)
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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